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Technical Analysis Fallacy

  • #17,721
  • Edited Jul 30, 2010 4:30am Jul 29, 2010 4:42pm | Edited Jul 30, 2010 4:30am
Quoting fti
yeap, the dangers of adventurous top picking.
euro is distributing firmly now, and the big wave had been defrayed again.
So we need re-access the situation and need eyeball more clues of her possibilities.
one thing we now know is there seems a big Rock at 13060.
Gotta send some probes there to figure out if its truely rock solid.
Back to the drawing board.



regards

Tokyo will be in soon, we will try find out.
... today were large purchases oil and gold
  • #17,722
  • Jul 29, 2010 4:44pm Jul 29, 2010 4:44pm
Have been using this method today with ninja trader platform an mbtrader feed 1 pip spread eur/usd .Closed each trade in profit thanks so much the rescue/reaverage method.It takes the fear from entry.Especially since most of my trade entries go again me.my magic mouse is getting tamed(it can turn a trend lol).
making green pips large and red pips small this is my goal.
  • #17,723
  • Jul 29, 2010 4:52pm Jul 29, 2010 4:52pm
Quoting Fana
Thats why i am in a stress. Still have to look at my damaged troops... OK, i will go with small and earn some extra money to fund it. I was nearly at zero before 1/2 year, but after breakup wit my gf, i didnt do well...
No matter.. i look ahead to build the new bearable account.
hummm.

Seems so much is happening in your life that you mindset is disturbed.
Nevermind.
Its only money.
But carry with you, this thought.
In all things that we try in our lives. We must measure.
Measure ourselfs and measure the task we up against.
Never walk into a gun battle with a knife.
Survival chances are slim.
But of course , all will have our own limitations we must work within.

Just stomach the loss , no need lose your balls.
This can happen, and does happen to traders.
It is not reflection of your capabilities.
Only that this time , the situation worked against your better judgement.
Go find some nice work and build again.
Come back reread when you feel ready again.
Next time be you will be better and more experienced to know what is needed and that you ascertain that you have whats required to get it right.

Be strong.
Rise again from the ashes.

regards
  • #17,724
  • Edited 5:14pm Jul 29, 2010 5:03pm | Edited 5:14pm
Quoting Gro
... today were large purchases oil and gold
I not really think there was much outside influences.
the thing is we had been having vey strong currency drives, basically due to the fact that almost all usd figs we had seen thus far was bad or neutral.
i believe the strengh is not in the robustness of the currencies, but more to the weakness of the usd.

As we move forward , the picture should clear up.

regards

ok short nap before see tokyo
goodnite
  • #17,725
  • Jul 29, 2010 5:09pm Jul 29, 2010 5:09pm
Quoting fti
hummm.

Seems so much is happening in your life that you mindset is disturbed.
Nevermind.
Its only money.
But carry with you, this thought.
In all things that we try in our lives. We must measure.
Measure ourselfs and measure the task we up against.
Never walk into a gun battle with a knife.
Survival chances are slim.
But of course , all will have our own limitations we must work within.

Just stomach the loss , no need lose your balls.
This can happen, and does happen to traders.
It is not reflection of your capabilities.
Only that this...
Thank you Fti. These words are encourageing for me very much. I take it like a challenge and final solution about what should be my next step. Appreciating. Fana
  • #17,726
  • Jul 29, 2010 5:18pm Jul 29, 2010 5:18pm
Quoting fti
I not really think there was much outside influences.
the thing is we had been having vey strong currency drives, basically due to the fact that almost all usd figs we had seen thus far was bad or neutral.
i believe the strengh is not in the robustness of the currencies, but more to the weakness of the usd.

As we move forward , the picture should clear up.

regards
Euro positive reaction to results in unemployment in Germany and the slowing U.S. economy?
  • #17,727
  • Jul 29, 2010 6:56pm Jul 29, 2010 6:56pm
Quoting fti
I not really think there was much outside influences.
the thing is we had been having vey strong currency drives, basically due to the fact that almost all usd figs we had seen thus far was bad or neutral.
i believe the strengh is not in the robustness of the currencies, but more to the weakness of the usd.

As we move forward , the picture should clear up.

regards

ok short nap before see tokyo
goodnite
yes.
I wonder if this will be infinitely elastic

Seems Prof Heli. is driving everyone to school these days..
Ps. notice the applause, and the crowd enjoying the show
regards,

Inserted Video
  • #17,728
  • Jul 29, 2010 7:54pm Jul 29, 2010 7:54pm
If Mamood is here... are you hearing anything from BOJ...



V
  • #17,729
  • Jul 29, 2010 8:46pm Jul 29, 2010 8:46pm
Quoting indianguyinny24
If Mamood is here... are you hearing anything from BOJ...



V
bloomberg from the other day, guess the market will test his resolve.

http://www.bloomberg.com/news/2010-0...on-prices.html

regards
  • #17,730
  • Jul 29, 2010 8:55pm Jul 29, 2010 8:55pm
Quoting auxesis
bloomberg from the other day, guess the market will test his resolve.

http://www.bloomberg.com/news/2010-0...on-prices.html

regards
Thanks Auxesis... i am smelling some fisshy on UJ....


V
  • #17,731
  • Jul 30, 2010 12:09am Jul 30, 2010 12:09am
Quoting auxesis
bloomberg from the other day, guess the market will test his resolve.

http://www.bloomberg.com/news/2010-0...on-prices.html

regards
Nice remark auxesis, It is interesting how deflation has became a tool to boost the recovery or slow down any problems...

Just wondering...what news are you following there regarding Britain?

We have a few nice numbers coming next week for the gbp, look at all the divergence on cable, do you think it will finally drop and bring the guppy down with it?

or do you think guppy should reach 140 levels before really dropping ?

Regards
  • #17,732
  • Jul 30, 2010 1:16am Jul 30, 2010 1:16am
Quoting fti
I don't really think the US economy will crumble. But because of US dilution policies and extended over spending, she is leaning heavily on the goodwill of a country that just recent times had come out of her closed door policies. Prolong reliance on this will put the US in very weak position , as many countries economies are sub sets of the us prosperity, there will be ripple effects.

Japan is another story. She has barely cleared herself from the impact of the last estates bubble. So would fare much better without the fiascos from the us bubble...

Some luxuries only sovereigns have. If us individuals had high productivity and high debt, others would be squeezing us to make us part from productive assets, but no one does that to a government.
China has shot itself in the foot i think. Their willingness to bailouts worth a few hundred billion dollars to the state owned banks undermines them. All the cheap money they extended to people went to real estate. Now there are 64 million empty apartments in China urban areas. If they keep going that way, China may just go the japanese way of stagnation and zero growth.
  • #17,733
  • Jul 30, 2010 1:18am Jul 30, 2010 1:18am
It's been a lousy week so far.... Where are you my dear volatility?
  • #17,734
  • Jul 30, 2010 1:30am Jul 30, 2010 1:30am
Quoting fti
there are many desks at treasury.
...
curious, Sir....
are the jobs at treasury related/applicable to fx trading?
are the jobs there stressful too?
how do the people there get hired?

Thanks!
  • #17,735
  • Jul 30, 2010 1:32am Jul 30, 2010 1:32am
Quoting dakoo
It's been a lousy week so far.... Where are you my dear volatility?
what do u mean?
it was quite volatile mid-week & last night. wasnt it, for u?
  • #17,736
  • Jul 30, 2010 2:07am Jul 30, 2010 2:07am
Quoting supremeChaos
what do u mean?
it was quite volatile mid-week & last night. wasnt it, for u?
i mostly trade gbp. and it has barely acted like it wants to trend this week
  • #17,737
  • Jul 30, 2010 2:27am Jul 30, 2010 2:27am
dakoo,
i see.
gbpusd only?
it made an upmove on Tuesday.did u miss it?
gbp has ranged around 1.56 while several gbp crosses moved(trended up &) down.
  • #17,738
  • Jul 30, 2010 2:49am Jul 30, 2010 2:49am
Quoting indianguyinny24
If Mamood is here... are you hearing anything from BOJ...



V

Hi Vick!

Sorry - have heared nothing.
I'm not at my Battle Station at the moment.

But Auxesis has given an interesting link already.

CU,
MaMood
  • #17,739
  • Jul 30, 2010 4:38am Jul 30, 2010 4:38am
Happy trade for all

Inserted Video
  • #17,740
  • Jul 30, 2010 4:52am Jul 30, 2010 4:52am
Quoting jacson101
yes.
I wonder if this will be infinitely elastic

Seems Prof Heli. is driving everyone to school these days..
Ps. notice the applause, and the crowd enjoying the show
regards,

http://www.youtube.com/watch?v=ZSzOd__feIw

just to update, i did surf the sell from tokyo,
Just took profits.

Information from sources in the know claims that they are watching this thread.
So posting blotter here will become a no no.
As you also saw one here already claim to be broker.

Like all good things, vested interest will try to destroy.
I now search for safe and secured avenues to try help some of you as best I can.

This reminds me of the human nature.
Even when all this is given free and openly.
Remember, seeing food aid to disaster zones.
When the aid arrives the people run amok fighting for selfish gain.
Such is the human nature, so sad.

regards

PS: the ride down from tokyo was so smooth when no one knew of my positions, funny, Coincidental, probably.
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